With just a few days left until Bitcoin's fourth halving, recent days have seen a significant decline in Bitcoin's price, reaching a staggering 16.65%. This collapse has stirred considerable anxiety among investors and traders in the Crypto market.

However, it's essential to recognize that before each halving cycle, there's typically a price collapse, a pattern we've highlighted numerous times in the past.

In the second halving, the price dropped by 40.36%, hitting $465 before soaring to a peak of $19,600. Similarly, in the third halving, there was a 20.35% decrease, reaching $8,078 before climbing to a peak of $69,000.

In the current cycle, the decrease thus far stands at 16.65%, a normal and anticipated occurrence. There's no need for alarm, as this scenario repeats consistently in each cycle, albeit with varying percentages.

The correct approach now is to enter the market gradually at previously identified strategic points. The path to the current cycle's peak remains open, and we are still at the beginning of this journey.

Written by Tarekonchain